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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1238)	11/6/2003 11:41:39 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China provinces press on with privatisation By James Kynge in Beijing Published: November 6 2003 14:18 \| Last Updated: November 6 2003 14:18 The provinces of Sichuan and Yunnan are planning to put up roughly 1,000 local state-owned enterprises as candidates for acquisition or merger with foreign or private Chinese companies starting next year, senior provincial officials told the Financial Times. The initiatives by Sichuan and Yunnan - home to a combined 130m people living in the southwest of China - are indicative of gathering activism across the country to sell down stakes in state-owned companies, thereby providing a vast new opportunity for foreign and private investors. If the sale of such stakes proceeds smoothly, the size of China's non-state economy will grow significantly, officials and analysts said. The move coincides with the imminent establishment of more provincial branches of the State Assets Supervision and Administration Commission (Sasac), an official body set up to oversee greater separation of government from business. news.ft.com